Maryland Code, COMMERCIAL LAW 14-4104
Terms Used In Maryland Code, COMMERCIAL LAW 14-4104
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(i) Consumer protection laws under this title;
(ii) Consumer protection laws under Title 13 of this article; and
(iii) Financial consumer protection laws.
(2) The Office shall use the funds under paragraph (1) of this subsection for:
(i) Staffing costs associated with hiring new employees; and
(ii) Investigations of alleged violations of consumer protection laws in the State.
(b) (1) For fiscal year 2020 and each fiscal year thereafter, the Governor shall include an appropriation of at least $300,000 in general funds in the State budget for the Commissioner for the purposes of enforcement of financial consumer protection laws.
(2) The Commissioner shall use the funds under paragraph (1) of this subsection for:
(i) Staffing costs associated with hiring new employees; and
(ii) Investigations of alleged violations of consumer protection laws in the State.